All Eyes on Major Players in NPS and KTCU ‘Beauty Contest’ Greetings from SPI editor Koh Byung-ki. This is the weekly commentary for the fourth week of August. Here, I will share notable stories from the South Korean commercial real estate market over the past week. Last week, the Seoul commercial real estate market’s attention was focused on the results of the so-called ‘beauty contest’ where major players competed for funds from the National Pension Service (NPS) and the Korea Teachers’ Credit Union (KTCU). The results of the domestic real estate value-add fund bidding from the NPS, the first of its kind in seven years since 2018, have […]